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U.S. adds 236K jobs, unemployment falls to 7.7 pct.


AP Economics Writer

LAST UPDATED: 04:15 a.m. HST, Mar 08, 2013

WASHINGTON » U.S. employers ramped up hiring in February, adding 236,000 jobs and pushing the unemployment rate down to 7.7 percent from 7.9 percent in January. Stronger hiring shows businesses are confident about the economy, despite higher taxes and government spending cuts. 

The government’s February employment report was filled with mostly encouraging details. The unemployment rate is now at its lowest level in four years. Hiring has averaged more than 200,000 per month since November. Wages increased. And the job gains were broad-based, led by the best construction hiring in six years.

One negative detail: employers added fewer jobs in January than first estimated. Job gains were lowered to 119,000 from an initially reported 157,000. Still, December hiring was a little better than first thought, with 219,000 jobs added instead of 196,000.

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ResponsibleCitizen wrote:
While all these numbers are thrown around to try to get people to think things are getting better, WHY is it that the economy is still stagnate? It sure doesn't feel like growth is occurring at a rate that will lift these burdens that are befalling us. Gas prices continue to rise, Taxes are constantly growing and growing, Pay checks are smaller than ever! Sorry, I'm not buying this. Until I can see and feel some real progress, I'm not buying this... :(
on March 8,2013 | 02:51AM
ResponsibleCitizen wrote:
Seems like a never ending con game to me, outrage after outrage....
on March 8,2013 | 02:53AM
HawaiiCheeseBall wrote:
Well corporate profits are high, the stock market is at an all time high, the jobs reports indicates that people are still working the same amount of hours for slightly higher wages. I think it sort of depends on your personal perspective; if you are a glass half full or half empty guy. I look at my 401k and smile, made up my losses and then some, retirement back on track. The payroll tax hike really sucked but hey we all knew it was the cut was temporary in the first place right?
on March 8,2013 | 06:07AM
Manoa2 wrote:
The big news is for those who own stocks-- the market is at an all time high and has recovered the losses it suffered with the financial collapse, corporate profits also at an all time high and growing! Growth in employment is slower to get back. That is how it works in our system, first the stock market, corporations, and the wealthy get back the money they lost and more, in higher profits and higher stock prices, then they invest and in a few years employment comes back even stronger than it is now. Eventually we all benefit and not just the wealthy. Call it trickle down, but it works.
on March 8,2013 | 02:23PM
sumoroach wrote:
How many unemployed drop off the unemployment insurance? That is part of the unemployment numbers. If less people collected unemployment due the number of month expired of which they cannot collect any more. 99 weeks goes faster then you think.
on March 8,2013 | 04:13AM
RetiredUSMC wrote:
The Rich get richer and the GOP Protects them by obstructing anything that would hurt them at the expensive of the 99%!
on March 8,2013 | 04:34AM
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